Newmark Group Inc Analyst and Investor Event Transcript
Thank you. Good morning. I am Jason McGruder, Head of Investor Relations Newmark. I will kick things off as one of our always exciting disclaimers. For today's event, we'll be referring to results only on a non-GAAP basis, unless otherwise stated. These non-GAAP items include adjusted earnings and adjusted EBITDA. Please see the sections of our most recent quarterly financial results press release for complete updated definitions of any non-GAAP terms, reconciliations of these items to the corresponding GAAP results and how, when and why management uses them. Additional information with respect to our GAAP and non-GAAP results mentioned today are available on our website in supplemental excel tables. Unless otherwise stated, any cash flow figures discussed on today's call refer to net cash provided by operating activities, excluding loan origination and sales and the impact of the 2021 Equity Event.
Any future targets for cash flow refer to net cash provided by operating activities, excluding loan origination sales as well as cash used with
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